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Former owner of foreclosure rescue business admits to stealing borrowers’ homes, equity HW+

Jan 15, 2018By

The former owner of a California foreclosure rescue firm admitted in court last week to stealing struggling borrowers’ homes during the housing crisis. According to court documents, Sergio Barrientos convinced struggling borrowers to sign away the title to their homes, then spent any equity those homeowners had saved.

3d rendering of a row of luxury townhouses along a street

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